Monday, November 26, 2018 - Insight after the bell from Investopedia's Editor in Chief
| | | | INV Anxiety Index
101.67 +0.00% | | US 10-Yr Yield
3.058% +0.42% | | | | Hi friends, It's great to be back after the holiday break. We are working on some exciting updates on Investopedia.com for the next few days and all our editors are knee-deep in various projects around that. Therefore, we'll limit this week's newsletter to some key headlines and market moving news to help you stay on top of things. We'll be back to full strength early next week. Thanks for bearing with us. Caleb GM hits the brakes 1 - GM to lay off nearly 15 percent of salaried workforce and close 5 plants - The automaker expects to save $6 billion by 2020 and will focus its efforts around trucks, SUVs and electric cars. Read GM's press release for more.
2 - Stocks rip higher as we enter the 2018 homestretch. - DJIA posts best day in two weeks and Nasdaq pops 2 percent as Amazon and Nvidia get a boost.
- Read a summary of today's market action here.
3 - Elon Musk admits Tesla was on the brink of closure. - In a fascinating interview with Axios, Musk was pretty candid about how close Tesla came to shutting down, and his unhealthy work regime. Worth a look.
4 - Morgan Stanley: 50 percent chance we hit an 'earnings recession' in 2019 - In a research report sent to clients, Morgan Stanley's Chief Strategist says the S&P 500 will trade in its current range through 2019 as earnings wane.
5 - Climate change report quantifies terrifying economic costs - The Fourth National Climate Assessment (NCA4) report was actually commissioned by Congress with research by federal agencies. In other words, it's a government report, although President Trump disavowed it when asked about it today. It predicts, among other things,$141 billion from heat-related deaths, $118 billion from sea level rise and $32 billion from infrastructure damage by the end of the century, among others. If you don't read anything else this week and you care about such things, please read the Summary Findings, so you are aware of the potential economic impacts arising from climate change.
CHART OF THE DAY: Microsoft rivals Apple as world's largest company
It's been over eight years since Apple's (AAPL) market capitalization (or valuation) fell below that of its long-time rival, Microsoft (MSFT). It happened briefly on Monday afternoon as the share prices of the two tech giants diverged further than they already had in recent weeks.
Apple's share price has continued to plummet of late on a substantially lower sales outlook for its flagship products, while Microsoft's has remained relatively stable amid ongoing market turbulence. The comparison chart below shows the current price and year-to-date performance on the y-axis. MSFT has risen by over 24%, while AAPL has now returned only a measly 2%.
By the market close on Monday, Apple's valuation was once again above Microsoft's, but only marginally. What could this mean for the ongoing rivalry between Apple and Microsoft? It was only in early August when the iPhone maker hit its widely-heralded $1 trillion market cap, and early October when it peaked slightly above $1.1 trillion. Since then, it's lost nearly $300 billion in market value. At this rate, Microsoft appears poised to take the crown from Apple as the next $1 trillion company.  Enjoy the Market Sum? Share it with a friend. CONNECT WITH INVESTOPEDIA |
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